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Governing Documents Committee

May 5 @ 4:00 pm - 5:00 pm

Governing Documents Committee
Wednesday, May 5, 2021 at 4:00 PM

Via Zoom Videoconference
https://us02web.zoom.us/j/8445866556
Meeting ID: 844 586 6556

 

AGENDA

I. Call to Order – 4:00 p.m.

II. Adopt Agenda

Proposed Motion: Adopt the agenda as presented.

III. Meeting Minutes

Proposed Motion: Approval of the April 14, 2021 minutes as presented.

IV. Old Business

A. Review of Presentation – Prepared by committee member, Dan Sturmon.

Proposed Motion: None identified at this time, discussion only.

B. Review of Legal Opinions – Ms. Ehrlich to review the legal opinion letters provided by Carpenter & Hazlewood to address the following:

1. Written legal opinion needed on what (if any) developers rights are still active, and/or could be argued as no longer in effect.

2. Does VCA or a developer have “annexation rights” – the capability to add land/parcels to existing VCA footprint?
a. Illinois court ruling declaring limited to original developer

3. Developer dues payment amount – Any basis or timeframe for developer right to reduced dues to terminate?
a. Does discount schedule reset to lowest level if property sold/resold to another entity (with same individuals in control)?

4. As we review Sub-Association documents, how do we proceed if we find an imbalance or misalignment?
a. What is the methodology we should use to look at Sub Association documents to compare to the Master VCA documents?

The following legal opinions from Carpenter & Hazlewood are enclosed:
1. Annexation Rights
2. Declarant Rights
3. Sub Association Governing Documents
4. Reduced Assessments for Developers

Proposed Motion: None identified at this time, review and discussion only.

V. New Business – Review of mapping product by Paul Oland with Paradigm Land Design.

Proposed Motion: None identified at this time, review and discussion only.

VI. Adjournment – The next meeting is tentatively scheduled for Wednesday, June 2, 2021 at 4:00 p.m.

 

Details

Date:
May 5
Time:
4:00 pm - 5:00 pm
Event Category:

Organizer

Gov Docs Committee
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